Two separate updates landed for UK businesses this year, and mixing them up is an easy way to overpay. Company car mileage rates rose on 1 June 2026. HMRC’s new road fuel rates for petrol now reach 26p per mile, while VAT road fuel scale charges changed on 1 May 2026. There are different rules […]
Quick Answer: Bereaved families across the UK are subject to a review of their paperwork. HMRC is investigating thousands for underpaid inheritance tax, opening more than 14,000 compliance checks since April 2022. Frozen thresholds and rising house prices are pulling more estates into the net, and more errors are being caught. Inheritance Tax (IHT) is […]
If your business has paid more VAT than it charged customers, HMRC will usually pay you the difference. So, how long does HMRC take to process a VAT refund? In most cases, repayments land within 30 days of HMRC receiving your VAT return. Some arrive sooner. Others take longer when checks are needed. This guide […]
The latest HMRC ISA tax changes have landed, and plenty of savers are uneasy. From April 2027, interest earned on cash held inside a stocks and shares ISA will be taxed at 22%. It’s part of a wider shake-up meant to nudge people away from cash and towards investing. But providers warn the new rules […]
HMRC wage raid payroll checks are payroll compliance inspections that can happen without any notice. Most employers believe that HMRC conducts investigations when businesses deliberately take the law into their own hands. However, the reality is different. A payroll error. An outdated minimum wage rate. A deduction that shouldn’t have been made. A few missed […]
The morning coffee probably tasted a bit more bitter for thousands of UK workers this week as they logged into their banking apps. If you noticed your take-home pay looked a bit “light” compared to March, you aren’t alone. Without much fanfare, HMRC has begun implementing a series of personal allowance allocation changes for the […]
